Peering Into Energy Transfer's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Energy Transfer's short interest has decreased by 8.85%, with 31.79 million shares sold short, representing 1.03% of its float. This is lower than its peers' average short interest of 2.97%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 06, 2024 | 4:00 pm
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Energy Transfer's short interest has decreased by 8.85%, with 31.79 million shares sold short, representing 1.03% of its float. This is lower than its peers' average short interest of 2.97%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Energy Transfer, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that its short interest is lower than the peer average, potentially making the stock more attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100